You could earn 25 times as much interest on your money with this new savings account CNBC
There’s a new leader when it comes to savings account interest rates. Wealthfront, a fintech company that provides automated investment options and financial planning, raised interest rates offered on its new high-yield cash account to 2.51% this week. With the national average saving account interest rate at 0.10%, that means Wealthfront users will earn 25 times more in this type of account. Someone who deposits $1,000 with Wealthfront can expect to earn about $25 in interest a year with the current rate. Launched in February, Wealthfront’s cash account is a type of brokerage account that …
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